St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-31
A MINING KING
From st. Louis Takes Up His
Abode in Minneapolis.

One of the millionaire mining kings
of st. Louis, L. NJ. Rumsey, arrived in
Minneapolis yesterday, and will proba-
bly, make his home here. The following
will explain why hesleayes his native
city: II
Salt Lake City Daily Tribune.
Here are two items from the Republi-
can of st. Louis.
l.. NJ. Rumsey, president of the Granite
Mountain Mining company, announces his
intention to remove to Minneapolis rather
than pay taxes on his holdings. Possibly he
may be gain to Minneapolis, but the loss of
q taX-dodger or so is not likely to affect st.
Louis seriously.
If there are S241. O0O, OO9 of Granite stock
in st. Louis that lodges taxes. the city and
state lose 100000. Yet the state has just
passed a law by which the household furni-
lure of people who do not own Granite can
be levied on in satisfaction of the taxes that
cannot be lodged.
The Republican is too fast by several
hundred per cent. If man were to go
from New York to st. Louis, and have
in his pocket 1000 shares of New York
Central railway stock, it would be rather
difficult task for the assessor of ST.
Louis to make a levy for taxes, against
such stocks, that would stick. Theman
would make oath to the actual property
which he held in Missouri, but would
not include the stocks, for they are but
evidences of realty belonging to him in
another state. Bankers in st. Louis
might be willing topay the market value
of the stocks, but that would not
change their nature in the least.
They would be but evidences of
realty which is alone taxable
in the counties through which
the road runs. Mining shares are Just
such evidences of realty and nothing
more, and the holders of Granite Noun
tain stock have only to deal with Mon
tana so far as taxes on that property are
concerned. st. Louis is at no expense
to protect these evidences; if any tax is
due upon them it is due. not to st.
Louis, but to Montana. Because those
evidences are held i'll st. Louis, the div
idends are sent there monthly, and if
Missouri and st. Louis will only not be
that silver egg so regularly, the city by
the muddy Mississippi will by and by
obtain the whole nestful and become
TRANSPORTED under the wonderful
impetus which the possession
of the treasure will give her.
Already the effect of the dividends is
beginning to materialiZe there. New
structures are springing UP Oh several
corners, and somehow something of a
freshness of the silver out of which
they are being built attaches to them
they are different from the other struct-
ures near. We think Mr.. Rumsey is
exactly right. If he and his associates
have the nerve to go out and storm the
cliffs of a far-off territory and from
nothing create something which
mounts up into the millions, and all the
time meet the obligations due the terri
tory in which the bonanza lies, and all
the time keep driving into the stubborn
rocks to keep the silver stream pouring
toward st. Louis, it ought to be suffi-
cient for st. Louis to order her assessor
to confine his efforts to securing the
city's portion OF the stream as
1t flows in, and not to proceed to do
something which, if persisted in, can
only have the effect of a breakwater to
turn the stream into some other chan
mel. If Mr.. Rumsey had the deeds of
half dozen farms in Kansas in his safe
the Republican would not advocate the
levying of tax on such evidences Of
title. 1t would be content to have the
crops from those farms taxed when they
reached st. Louis. Yet the Granite
mountain owners are not only sending
the product of their Montana farm to
st. Louis, but are steadily transferring
the farm itself to that city. The last
item i'll the above is particularly vicious
@nd mean. The first half is not true,
for the city and state have no right to
levy any assessment on such evidences
OF value, hence there is no lodging
The last half is mean appeal to the
prejudices of the poor, for it conveys an
inuendo that the poor are forced to pay
taxes, while the Irish escape. as
shrewd journal rs the Republican
ought to know that until the bullion of
the Granite mountain is transferred TO
st. LUuis, neither that city nor the state